New York Markets After Hours

Toll Bros. results spark builder gains in preopen

GregMorcroft

NEW YORK (MarketWatch)-- Shares of homebuilder Toll Brothers Inc.
TOL, +0.00%
rose 4.5% and sparked gains across the sector in Wednesday's preopen trading session after the company reported better-than-expected earnings and order growth. Toll's fiscal third-quarter earnings rose 46% amid what it called the most sustained demand it has seen in more than five years. The results also beat Wall Street expectations. Fellow builders also rose. Lennar Corp.
LEN, +1.29%
climbed 2.3%, PulteGroup Inc.
PHM, +0.61%
added 3.7% and D.R. Horton Inc.
DHI, +0.97%
rose 1.9%.

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